Common use of License Maintenance Fee Clause in Contracts

License Maintenance Fee. Licensee shall pay Elkurt a license maintenance fee of [####] within 45 days of achieving the funding provided in Section 4.1, or by [####], whichever shall first occur, and [####] every year thereafter on the anniversary of the Effective Date. Beginning on the anniversary date which is seven years from the Effective Date, and every year thereafter said annual License Maintenance Fee shall be [####].

Appears in 2 contracts

Samples: Exclusive License Agreement, Exclusive License Agreement (Ocean Biomedical, Inc.)

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License Maintenance Fee. Licensee shall pay Elkurt a license maintenance fee of [####] within 45 days [####] of achieving the funding provided in Section 4.1, or by [####], whichever shall first occur, occur and [####] every year thereafter on the anniversary of the Effective Date. Beginning on the anniversary date which is seven years [####] from the Effective Date, and every year thereafter said annual License Maintenance Fee shall be [####].

Appears in 1 contract

Samples: Exclusive License Agreement (Ocean Biomedical, Inc.)

License Maintenance Fee. Licensee shall pay Elkurt a license maintenance fee of [####] within 45 15 days of achieving the funding provided in Section 4.1, or by [####]May 15, 2021, whichever shall first occur, occur and [####] every year thereafter on the anniversary of the Effective Date. Beginning on the anniversary date which is seven years [####] from the Effective Date, and every year thereafter said annual License Maintenance Fee shall be [####].

Appears in 1 contract

Samples: Exclusive License Agreement (Ocean Biomedical, Inc.)

License Maintenance Fee. Licensee shall pay Elkurt a license maintenance fee of [####] ]within 45 15 days of achieving the funding provided in Section 4.1, or by [####], whichever shall first occur, occur and [####] every year thereafter on the anniversary of the Effective Date. Beginning on the anniversary date which is seven years [####] from the Effective Date, and every year thereafter said annual License Maintenance Fee shall be [####].

Appears in 1 contract

Samples: Exclusive License Agreement (Ocean Biomedical, Inc.)

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License Maintenance Fee. Licensee shall pay Elkurt a license maintenance fee of [####] within 45 days [####] of achieving the funding provided in Section 4.1, or by [####], whichever shall first occur, and [####] every year thereafter on the anniversary of the Effective Date. Beginning on the anniversary date which is seven years [####] from the Effective Date, and every year thereafter said annual License Maintenance Fee shall be [####].

Appears in 1 contract

Samples: Exclusive License Agreement (Ocean Biomedical, Inc.)

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